Capital in the twenty-first century / Thomas Piketty ; translated by Arthur Goldhammer.

Format:

Book

Author/Creator:

Piketty, Thomas, 1971-

Contributor:

Goldhammer, Arthur, translator.

Standardized Title:

Capital au XXIe siècle. English

Language:

English

French

Subjects (All):

Capital.

Income distribution.

Wealth.

Labor economics.

Physical Description:

viii, 685 pages : illustrations ; 25 cm

Other Title:

Capital in the 21st century

Place of Publication:

Cambridge Massachusetts : The Belknap Press of Harvard University Press, 2014.

Summary:

Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns and shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities. He argues, however, that the tendency of returns on capital to exceed the rate of economic growth will generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken.

Contents:

Income and output

Growth : illusions and realities

The metamorphoses of capital

From old Europe to the new world

The long-run capital/income ratio

Capital's share vs. labor's share in the twenty-first century

Inequality and concentration : an initial orientation

The two worlds

Inequality in the income from labor

Inequality in the ownership of capital

Merit and inheritance in the long run

Global inequality of wealth in the twenty-first century

A social state for the twenty-first century

Rethinking the progressive income tax

A global tax on capital

The question of the public debt.

Notes:

Translation of the author's Le capital au XXIe siècle.

Includes bibliographical references and index.

ISBN:

9780674430006

067443000X

OCLC:

858914389